#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds

A16z – also known as Andreessen Horowtiz – announced today the close of two massive new funds, part of which will go toward backing financial services companies. The firm has raised $1.3 billion in an early-stage fund, called “Fund VII,” to invest in financial services technology, consumer and enterprise startups. It also has raised $3.2Continue reading “#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds”

#Investment / VC Funding for Fintechs Is Down, but Large Banks are “Quietly” Investing in Financial Tech Sta rtups

Venture capital funding for Fintech firms is down, however, large banks are “quietly” investing in startups, according to a report published by S&P Global Market Intelligence. “The motivations for banks to make investments, most of them below the €10 million mark, range from assessing the most promising Fintechs with a view to buying them later,Continue reading “#Investment / VC Funding for Fintechs Is Down, but Large Banks are “Quietly” Investing in Financial Tech Sta rtups”

#WealthTech / SoFi Launches Social Trading Investing Platform

SoFi has spent the past few years broadening its focus. What launched as an alternative lending company has emerged as a platform that provides a deeper breadth of banking services including insurance, checking accounts, credit score monitoring, investing, estate planning, and small business financing. After building all of these tools, SoFi began focusing on buildingContinue reading “#WealthTech / SoFi Launches Social Trading Investing Platform”

#FractionalOwnership #WealthTech / ‘Banking enables us to play a bigger role in our customers’ lives’: Stash CEO Brandon Krieg

Stash is an interesting animal. The fintech firm’s roots are in fractional share, automated investing… [CEO:] “It’s funny, I don’t refer to Stash as a challenger bank… Banking, for us, has always been really important. The main reason wasn’t to have another card or another checking account out in the market — it was toContinue reading “#FractionalOwnership #WealthTech / ‘Banking enables us to play a bigger role in our customers’ lives’: Stash CEO Brandon Krieg”

#WealthTech / Ex-N26 employee lands $1.8m to launch ETF-linked checking account

… Finch links accounts to exchange-traded fund (ETF)… This means investments made on the platform are liquid and accessible like an everyday current account. The account automatically invests once a user sets their mix. This means users don’t have to adjust it each day like a brokerage account, and the fintech chooses the companies youContinue reading “#WealthTech / Ex-N26 employee lands $1.8m to launch ETF-linked checking account”

#FinTech / A $2B Goldman Sachs venture fund could be very good news for fintechs

… Goldman Sachs’s pace of investing in startups has increased dramatically over the last couple of years. In fact, the company invested in a record-high 23 startups in the fourth quarter of 2019… a total of 32 venture investments this year so far. That’s only slightly below the 38 investments it made in the firstContinue reading “#FinTech / A $2B Goldman Sachs venture fund could be very good news for fintechs”

#Investment / LA start-up AmplifyX lets investors build portfolios around musicians

AmplifyX, a Los Angeles-based start-up, is gearing up to enable investors to back the music industry… the platform will allow investors to build portfolios which directly fund specific musicians. They will receive royalties from streaming revenue and can monitor an artist’s data in real-time to make decisions on whether to keep investing in them. AmplifyX’sContinue reading “#Investment / LA start-up AmplifyX lets investors build portfolios around musicians”

#Investment / Goldman Sachs Eyes Creating $2B Tech Fund

The amount of the fund being $2bn would make it one of the largest in the field… The move comes after Goldman’s recent high growth investments, including bets on Uber and Plaid… *** The firm’s plan is to manage more money for clients and to bring down investments from its own balance sheets… By investingContinue reading “#Investment / Goldman Sachs Eyes Creating $2B Tech Fund”

#WealthManagement / India’s Paytm To Offer App-Based Stock Trading

“Investing in stocks was never this easy”… The FinTech company said that adding stock trading to its platform will unlock “immense growth potential” … to start investing in stocks, users can “simply download the Paytm Money Stocks app today and become investment-ready quickly.” … This takes the company a step closer to becoming “India’s mostContinue reading “#WealthManagement / India’s Paytm To Offer App-Based Stock Trading”

#Cloud / SimCorp puts Dimension on the cloud with Microsoft Azure

SimCorp [provider of investment management software] has completed a partnership with Microsoft to deploy its Dimension investment system on the Azure public cloud. SimCorp plans to use Azure as a base for a platform offering. Clients will be able to pick and choose from a variety of third-party external products using the new service. EarlierContinue reading “#Cloud / SimCorp puts Dimension on the cloud with Microsoft Azure”